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Investee Company Update

4 Feb 2008 14:46

London Asia Chinese Private Equity04 February 2008 4 February 2008 London Asia Chinese Private Equity Fund Limited ("LACPEF") Investee Companies Updates LACPEF, the AIM traded, China focused investment fund, is delighted to announceupdates from its two Singapore listed water investee companies, UnitedEnvirotech Ltd ("UE" or the "Company") and Asia Water Technology Ltd ("AsiaWater" or the "Group"). United Envirotech - eight new projects; third quarter results The Company released a strong set of the third quarter results for the periodended 31 December 2007, with growth across all sectors of the business. Duringthe three month period, revenue was up 109%, compared to the same period in2006, to £4.9 million, with profit before tax increasing to £0.9 million (2006:loss). UE has secured a £7.0 million engineering contract to modify, upgrade and expandon the existing wastewater treatment plant at Taixing Chemical Industrial Parkat Taixing City, Jiangsu Province, China. The first phase of the projectinvolves upgrading and converting the 20,000 m3/day wastewater treatment plantto UE's advanced Membrane Bioreactor (MBR) system. Following successfulcompletion of the first phase, UE will construct a 40,000 m3/day wastewatertreatment plant using MBR technology. The Company was awarded a £4.2 million Build-Operate-Transfer ("BOT") contractto build a 50,000 m3/day membrane-based wastewater treatment and recyclingfacility from Mianyang Municipal Government in Sichuan Province, China. Theproject has a concessionary period of 30 years and will be undertaken by aproject company in which UE owns 60%. Mianyang city is one of three citiesgranted the prestigious status of a "water conservation area". It was selectedby the Chinese Central Government to serve as a model to demonstrateself-sustained water use through effective water re-use. Mianyang is wellrecognized as a high-tech research and development base for China. The cityhosts one of the research bases for nuclear science and rocket science. UE's advanced membrane-based water treatment system has been selected by ChinaPetrochemical Corporation (Sinopec) Group for five of its six demonstrationplants. The projects were awarded independently by Sinopec's Maoming, Wuhan,Xian, Zhijizhuang and Guangzhou branches though a series of bidding andevaluation processes where UE was selected over both local and internationalwater treatment companies. The Company has also secured an industrial wastewater treatment project inSingapore from Semcorp Industries Ltd ("SUT") using MBR technology. UE hassuccessfully completed two water-recycling projects, utilizing its advancedmembrane technology, for SUT in the past two years. Asia Water - Acquisition Asia Water has acquired for £0.5 million in cash the 20% stake in Taizhou KaidiWaste Water Treatment Co Ltd ("Taizhou"), a wastewater treatment servicesprovider. Taizhou is located in Linghai City, Zhejiang Province, China and wasset up to undertake a BOT wastewater treatment project for a period of 20 years.Taizhou will build, operate and transfer a water treatment plant with anestimated treatment capacity of 50,000 tonnes of industrial wastewater per day.Once operational, Taizhou will be treating industrial wastewater generated bythe Zhejiang Pharmaceutical Park located within Linghai City. For further information please visit www.lacpefund.com, or contact: John West/Andrew Dunn Cecilia Wong Hugh Field Tavistock Communications London Asia Ltd. Collins Stewart Europe Ltd Tel: 020 7920 3150 Tel: +852 2251 8373 Tel: 020 7523 8000 cecilia.wong@londonasia.com About Asia Water Technology Ltd. Singapore stock market listed AWT provides total engineering solutions for waterpurification and wastewater treatment systems. Its business is primarilyconducted through its subsidiary in China, which owns its own patented coretechnologies and works closely with leading technology partners in theinternational and local water treatment arena. For more information on theGroup, please visit: www.asiawatertech.com. About United Envirotech Ltd Singapore main board listed United Envirotech Ltd specializes in water treatmentand reclamation using advanced membrane technologies and provides environmentalengineering solutions to a wide range of customers in the chemical,petrochemical, pharmaceutical, and wastewater treatment industries. For moreinformation on the Company, please visit: www.unitedenvirotech.com. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
19th Jun 20127:00 amRNSFinal Results
8th Jun 201212:28 pmRNSDirector/PDMR Shareholding
7th Jun 20123:35 pmRNSHolding(s) in Company
6th Jun 201211:57 amRNSHolding(s) in Company
31st May 20129:34 amRNSHolding(s) in Company
28th May 201211:57 amRNSResult of EGM
23rd May 20128:40 amRNSHolding(s) in Company
14th May 20124:53 pmRNSHolding(s) in Company
4th May 20127:00 amRNSProposed Subscription and Return of Capital
29th Nov 20117:00 amRNSHalf Yearly Results
23rd Sep 20119:51 amRNSAGM Statement
30th Aug 20111:38 pmRNSChange of Registered Office
4th Aug 20117:00 amRNSFinal Results
28th Jul 20119:30 amRNSIn Specie Distribution
8th Jun 20113:46 pmRNSReturn of capital
24th Mar 201112:08 pmRNSUpdate re China CDM
8th Feb 20112:31 pmRNSFinal date for Warrant Exercise
20th Jan 201111:10 amRNSHolding(s) in Company
18th Jan 20119:44 amRNSHolding(s) in Company
17th Jan 20115:36 pmRNSHolding(s) in Company
17th Jan 20115:35 pmRNSHolding(s) in Company
17th Jan 201111:02 amRNSDirector/PDMR Shareholding
13th Jan 20113:46 pmRNSReturn of Capital and disposal
7th Dec 20108:19 amRNSHalf Yearly Report
16th Nov 201012:30 pmRNSInvestment Update
5th Nov 20101:43 pmRNSHolding(s) in Company
8th Oct 20104:19 pmRNSHolding(s) in Company
14th Sep 20109:32 amRNSResult of AGM
17th Aug 20107:00 amRNSAnnual Financial Report
10th Aug 20107:00 amRNSFinal Results
11th Jun 20105:01 pmRNSHolding(s) in Company
18th Mar 201011:16 amRNSHolding(s) in Company
26th Feb 20103:57 pmRNSHolding(s) in Company
8th Dec 200910:18 amRNSHalf Yearly Report
6th Nov 20098:39 amRNSChange of Adviser
5th Nov 20098:46 amRNSHolding(s) in Company
22nd Oct 20091:48 pmRNSInvesting Policy
20th Oct 20099:52 amRNSDirectorate Change
29th Sep 20092:12 pmRNSTermination of Asset Divestment Support Agreement
16th Sep 200911:45 amRNSReturn of Capital
16th Sep 200911:33 amRNSResult of AGM
28th Aug 20099:12 amRNSSale of China New Energy
7th Aug 20099:03 amRNSHolding(s) in Company
3rd Aug 20094:58 pmRNSHolding(s) in Company
14th Jul 20093:52 pmRNSAnnual Report and Financial Statements
9th Jul 20097:00 amRNSFinal Results
6th Jul 200911:44 amRNSResult of EGM
29th Jun 20094:24 pmRNSHolding(s) in Company
10th Jun 20097:00 amRNSReturn of Capital
3rd Jun 200912:48 pmRNSPortfolio Update

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